ATLANTA--(BUSINESS WIRE)--Popeyes® Louisiana Kitchen, Inc., (NASDAQ:PLKI) today announced the
purchase of the core proprietary recipes that made it famous from
Diversified Foods and Seasonings, L.L.C. (DFS), the supply company owned
by the estate of Al Copeland, Sr., Popeyes founder. Beginning 42 years
ago in New Orleans, Al Copeland created a concept that would bring the
flavors and traditions of Louisiana cooking to the world. Today that
tradition continues as Popeyes reunites the recipes with the brand,
securing forever its ability to provide that unique, slow-cooked,
Louisiana experience for guests worldwide.

“This is an exciting and historic event representing a win for everyone
involved,” said Cheryl Bachelder, CEO of Popeyes. “We now have the
recipes in house in perpetuity, and we thank the Copeland family for
helping bring together the treasured recipes Popeyes is known for with
the brand so beloved by its guests.”

At the time of the company's formation in 1992, the brand and the
recipes were separated, with the company assuming a license agreement
with family entities owned by Al Copeland, Sr. to enjoy the exclusive
use of the Popeyes recipes. This arrangement remained in place until the
consummation of today’s transaction. Al Copeland, Jr. and Popeyes worked
side-by-side to bring the brand and the recipe back together.

“Reuniting the recipe with Popeyes strengthens the relationship between
the Copeland family and Popeyes,” said Al Copeland, Jr. “The transaction
will allow DFS to focus on what we do best for Popeyes, producing and
innovating the highest quality products, including cooked foods, spices,
and breading systems. This agreement is right for Popeyes and right for
the Copeland family.”

The purchase was completed June 16, 2014. To find your local Popeyes
visit us at www.popeyes.com.

About Popeyes® Louisiana Kitchen

Founded in 1972 in New Orleans, Popeyes is a leader in the New Orleans
segment of the foodservice industry and is the world's second largest
quick-service chicken concept based on the number of units. As of April
20, 2014, Popeyes had 2,248 operating restaurants operating in the
United States, Puerto Rico, Guam, the Cayman Islands and 27 foreign
countries. For more information, visit the Popeyes Louisiana Kitchen Web
site at www.popeyes.com.